hemostats market is estimated to garner a revenue of ~USD 5000 million by the end of 2033 by growing at a CAGR of ~6% over the forecast period 2033

NEW YORK, NEW YORK, UNITED STATES, November 16, 2022 /EINPresswire.com/ -- Research Nester published a report titled “Hemostats Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global hemostats in terms of market segmentation by application, product, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global hemostats market is expected to grow at a CAGR of approximately 6% over the forecast period i.e. 2023-2033. On the basis of application, market is segmented into trauma, cardiovascular surgery, orthopedic surgery, plastic surgery, neurosurgery, general surgery and others. Among all the segments, the orthopedic segments are to generate highest revenue by the end of 2033. The growth is expected on the account of growing number of surgeons and cases of fractured bones.

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The global hemostats market growth is to drive by higher number of surgeries performed and increased road accident injuries. In addition, rising cancer patients, and the people in need of blood transfusion is anticipated to propel the market growth

By region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of all, the market in North America is to garner highest revenue by the end of 2033. Higher prevalence of chronic disease, increased blood donation and transfusion is to elevate the market growth in North America.

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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Increased Cases of Injuries Due to Road Accidents is to Elevate the Market Growth

Accidents owing to vehicle crashes or pedestrian hit by vehicle leads to severe injuries, excessive bleeding of the victims, thus it acts as a growth driver for the global hemostats market. As per the WHO, around 1.3 million people die due to road accidents every year.

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However, dearth of skilled trainers, instances of uncontrollable bleeding and exorbitant price of the product are few factors which are expected to operate as key restraint to the growth of global hemostats market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global hemostats market which includes company profiling of Pfizer Inc., Integra LifeSciences Corporation, Baxter, Medtronic, Stryker, BD (Becton, Dickinson and Company), Biom’up Innovative Surgery, Johnson & Johnson Services, Inc., CryoLife, Inc., Hemostatis LLCand others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the vthat will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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